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About
Taxable is the first dedicated personal income tax management platform built specifically for Sri Lanka. We help individuals understand, manage, and comply with their tax obligations under the Inland Revenue Act No. 24 of 2017.
Sri Lanka has approximately 16 million tax-eligible individuals out of a population of 21 million. Of the 11 million registered with the Inland Revenue Department (IRD), only about 2 million actively file returns.
Most people don't avoid taxes on purpose — they lack the tools and knowledge to comply. Late filing penalties start at Rs. 50,000 under the Inland Revenue Act. With only approximately 10,000 tax professionals serving this population, there is a significant gap between the number of people who need to file and those who have access to professional help.
Taxable bridges this gap by providing an accessible, year-round tax management tool that requires no prior tax knowledge. The platform handles the complexity of Sri Lankan tax law — progressive rates, multiple income streams, withholding tax credits, quarterly payment schedules, and relief calculations — so users can focus on recording their financial activity.
16M
Tax-eligible Sri Lankans
2M
Actually file returns
10K
Tax professionals serving millions
Rs. 50,000
Starting penalty for late filing
Tax compliance shouldn't require a degree in accounting. We explain everything in plain language, guide users through every step, and automate the complex calculations so anyone can manage their taxes with confidence.
Unlike generic accounting software designed for businesses, Taxable is purpose-built for individual Sri Lankan taxpayers — freelancers, salaried employees, investors, small business owners, and first-time filers.
Every feature is built around the Inland Revenue Act No. 24 of 2017. Progressive tax slabs, CBSL exchange rates, quarterly payment schedules, personal reliefs — all implemented precisely as Sri Lankan tax law requires.
Taxable is built and operated by WealthyIslander, based in Colombo, Sri Lanka. We are a software engineering team dedicated to building tools that make compliance accessible and straightforward for Sri Lankan individuals.